After yesterday’s drop to levels below $42,000, bitcoin rebounded and reached around $43,000. Most altcoins are also slightly in the green on a daily scale, with BNB approaching $500 and more impressive gains from Litecoin and ATOM.
Bitcoin hits $43,000
The last few days have looked quite positive for the major cryptocurrency. The asset had recovered from its plunge below $40,000 on Monday and its value was gradually rising.
In just a few days, it added over $4,000 in value, which saw it top $44,000 on a few occasions — most recently on Thursday.
However, this is where the landscape has changed. After hitting a weekly high of $44,500, the bears intensified and pushed BTC south. This time, bitcoin fell over $2,500 and fell to just under $42,000 yesterday.
Since then, BTC has added around $1,000 in value and now stands at around $43,000, and its market capitalization has remained above $800 billion.
Litecoin Spikes 8%: BNB Nears $500
Ethereum went through its own volatile week over the past few days, which included a drop to a multi-month low below $3,000. After this dump, however, ETH went on the offensive and recouped $300 within days. Currently, a slight 2% increase since yesterday has pushed the second-largest crypto to over $3,300.
Binance Coin is up around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK and Terra are also slightly in the green.
Litecoin (8%) is the most substantial gainer of the larger-cap alts, followed by ATOM (7%). On the other hand, Dogecoin, Solana and ADA recorded minor losses.
The cryptocurrency market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.
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